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Patek Philippe Company Sale; SIHH 2019 Lessons; Zenith El Primero: AP Royal Oak Salmon Alternatives

Enter to win a Breitling Colt Skyracer! http://swee.ps/XQOfwxXOY Watch buyers, watch collectors, and luxury watch enthusiasts join Tim Mosso for Watches Tonight, YouTube’s top live streaming luxury watch talk show! Tonight, Tim returns from SIHH 2019 with a list of lessons learned from the SIHH/Geneva watch fair. Alternatives to the salmon dial Audemars Piguet Royal Oak Extra Thin and news of a 50th anniversary Zenith El Primero lead the line of viewer questions. Out of the frying pan of SIHH and into the fire of watch rumors; Tim tackles speculation that Patek Philippe might be for sale. Yes, the entire company. A recent report on Bloomberg.com cites Swiss Berenberg bank analysts who believe that the Stern family – Thierry Stern and father Philippe – may be considering a sale of Patek Philippe. The Patek Philippe watch brand and business, which have been under Stern family control since its 1932 emergence from bankruptcy, could be worth as much as $10 billion U.S. on the open market. Kering, Louis Vuitton Moet Hennessey, and all manner of private equity and sovereign wealth funds stand as potential interested parties. Turning back to matters of immediate concern to watch buyers, a particular Patek Philippe watch – the 5170P chronograph – has become a case study in the wrong reasons to buy a watch. Tim cites a collector who doesn’t love the watch yet considers the purchase on an “investment” basis. If one had purchased that watch in 2009 when it was new, the $87,500 purchase price would look smart in light of the current value of roughly $160,000; that’s 183% of the purchase price… not bad! But if one had put the same money in the S&P500, that money would have increased by over 300%. This is why new watches – even Patek Philippe watches – never should be purchased as investments. Audemars Piguet’s SIHH 2019 was dominated by the controversy surrounding the CODE 11:59 collection of dress watches. But redemption came from a familiar corner; the Royal Oak sports watch. In particular, the salmon dial Royal Oak Extra Thin “Jumbo” reference 15202BC.OO.1240BC.01. A white gold boutique exclusive of 75 pieces – at least initially – this is a $55,400 Royal Oak that few will have the pleasure of wearing. But alternatives – super ones – exist from the august houses of Patek Philippe (Neptune) and Vacheron Constantin (Overseas). Salmon dials are no monopoly of Audemars Piguet, and the other two pillars of the Swiss “Holy Trinity” are ready to prove the point! Tim discusses the quiet and indecently covert launch of the true successor to Zenith’s 1969 El Primero high-beat automatic chronograph. A Zenith trilogy set known as “50 Years of El Primero” presents watch buyers with three chronographs; a 1969 El Primero re-issue, a modern “Chronomaster 2.0” with new El Primero caliber 3600, and a Defy El Primero 21. The El Primero 3600 is a truly new movement with 60 hour power reserve, stop seconds, striking 10th foudroyant, and COSC chronometer certification as standard. Instagram: https://www.instagram.com/watchbox BUY WATCHES HERE: https://www.thewatchbox.com